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Equity - Sector - Banks & Financial 01 Feb 2022

ICICI PRU BANKING & FIN SERV


FUND
DIRECT

COMPREHENSIVE FUND REVIEW AND RATING

Fund-O-Meter Review

ICICI PRU BANKING & FIN SERV FUND

contact@investyadnya.in | www.investyadnya.in
Fund-O-Meter Review

ICICI PRU BANKING & FIN SERV FUND

Table of Contents

Rating 1
Yadnya's View 1
Price Chart 1
Fund Overview 2
1. Asset Under Management (AUM) 3
Returns 4
1. Trailing Returns 4
2. Calendar Year Returns 5
3 . Rolling Returns 5
4 . SIP Returns 6
5 . Best & Worst Returns 6
Fund Manager 7
Portfolio Diversification - Sector 9
1 . Stock Sector - Current vs Category Average 9
2 . Stock Sector - Historical 9
Portfolio Diversification - Stocks 10
1 . Stocks - Last Month Buys & Sells 10
2 . Historical Stock Allocation 10
3 . Portfolio Turnover Ratio 11
Expense Ratio 13
Risk Measures - Equity 14
1 . Current vs Category Average 14
2 . Historical 15
Asset Allocation 17
1 . Current vs Category average 17
2 . Historical 17

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Date: 01 Feb 2022

ICICI PRU BANKING & FIN SERV FUND - Direct plan

Rating

Fund House & AUM Returns Fund Manager Diversification Diversification Expense Risk
Fund Start Date Stocks Sector Ratio Ratio

Good Average Below Average

Yadnya's View

Pros

The fund is the 2nd largest Mutual Fund house in India

Trailing returns of the fund are above category average for all years

This fund is the largest fund in the category by AUM

Cons

Top 5 stocks contribute about 56

94%

Expense ratio of both direct and regular plan is above category average

Price Chart

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7
6
5
4.27
4
3
2
1
0
0
Jan-22 Jan-22 Jan-22 Jan-22

ICICI Pru Banking & Fin Serv Fund S&P BSE BANKEX - TRI

Fund Overview

NAV (Growth) Expense Ratio Exit Load

Direct Rs 93.35 1.25 % 1% on or before 15 Days, NIL


after 15 Days
Inception Date Min. Investment AUM
Lumpsum Rs 5,000
Jan 2013 Rs 4,700 Cr
SIP
Fund House Benchmark Category

ICICI Pru Banking & Fin Serv S&P BSE BANKEX Equity - Sector - Banks &
Fund Financial

Objective To generate capital appreciation / income from a portfolio, predominantly invested in equity &
equity related instrument.

Inference
The fund was started 13 years back. Fund belongs to the 2nd largest Mutual Fund house in India. For good experience and association with

large fund house, we give a Green Star here.

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1. Asset Under Management (AUM)

1497 4700.3
1,500
4,500 1,400

1,300
4,000
1,200
3614.9

3,500 1,100
3210.9
1,000
3,000 2885.5 900
2639.4
800
2,500
700

2,000 600

500
1,500 1362.4 400
1176.6
995.3
300
963.4
1,000 809.9
914
765.8 798.3 200
107
525.7 65 587 . 7 73
100
32 91
500 0 0 306 3 . 3 0 0
415
03
34
0
33
0
269 2 3 42. 52 3 . 9
204.7 0
0 0 0 -22 - 49 --121
0
Jan 2011 Jan 2012 Jan 2013 Jan 2014 Jan 2015 Jan 2016 Jan 2017 Jan 2018 Jan 2019 Jan 2020 Jan 2021 Dec 2021

ICICI Pru Banking & Fin Serv Fund Category Avg ICICI Pru Banking & Fin Serv Fund % Growth

Category Avg % Growth

Inference
Currently, this fund is the largest fund in the category by AUM and has shown above category average growth. The fund has shown high growth

in last one year. Overall, we give a Green Star.

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Returns

1. Trailing Returns

32.1

30

26.1
25.6
25

20

14.7
15 14 14.4 14.3 14.1
12.6 12.9

11
10.3
10

ICICI Pru Banking & Fin Serv Fund S&P BSE BANKEX - TRI Equity - Sector - Banks & Financial

Particulars YTD (%) 1 day 1 week (%) 1 m (%) 3 m (%) 6 m (%) 1 y (%) 3 y (%) 5 y (%) 7 y (%) 10 y (%)
(%)

ICICI Pru Banking 5.09 1.29 2.88 5.09 -2.98 4.66 32.15 13.97 14.28 12.93 -
& Fin Serv Fund

S&P BSE BANKEX 7.82 0.72 3.17 7.82 -2.42 11.21 26.12 12.59 14.71 10.32 15.26
- TRI

CATEGORY 4.83 1.04 2.58 4.83 -3.66 6.83 25.59 14.36 14.1 11 -
AVERAGE

Rank within 6 5 6 7 3 13 2 7 7 3 -
category

Number of funds 16 16 16 16 15 15 14 12 11 8 -
in category

As on 31 Jan 2022

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2. Calendar Year Returns

69.9
70 67
63.1

60

50 47

42.5
40
40

30
23.5
21.7
1 9 . 25 0 . 2
20 16
14.8
13.5 13.2

10 7.7
6.5

1.4
0
0 -0.1
-1.9
-3.4
-5.1
- 6 . 7- 7 . 2
-10 -9.3 -9.1
-11.2

ICICI Pru Banking & Fin Serv Fund Category Average S&P BSE BANKEX - TRI

3 . Rolling Returns
Particulars 3 Year 3 Year 3 Year 3 Year 5 Year 5 Year 5 Year 5 Year 7 Year 7 Year 7 Year 7 Year
Lowest Highest Prob Prob Lowest Highest Prob Prob Lowest Highest Prob Prob
(%) (%) Low (%) High (%) (%) (%) Low (%) High (%) (%) (%) Low (%) High (%)

ICICI Pru -8.39 40.14 6.08 27.48 3.30 31.45 10.62 23.76 10.60 21.54 13.38 18.72
Banking & Fin
Serv Fund

Category -4.38 29.24 5.51 20.75 3.24 24.96 9.13 18.94 8.36 19.02 11.24 16.42
Average

S&P BSE 1.19 26.33 10.02 19.92 6.91 19.40 11.21 17.06 -5.33 25.04 4.04 18.94
BANKEX - TRI

As on 31 Jan 2022

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4 . SIP Returns
Particular 1 Year 3 Year 5 Year 10 Year

Total Amount Invested (Rs.) 1,20,000 3,60,000 6,00,000 12,00,000

Market value Of Amount Invested (Rs.) 1,27,484 4,73,441 8,32,365 22,67,154

Scheme Returns 11.66% 18.56% 13.03% -

Benchmark Value (Rs.) 1,21,672 4,44,636 7,99,789 21,01,645

Benchmark Returns 2.57% 14.16% 11.42% -

Category Average Returns 0.36% 0.58% 0.41% -

5 . Best & Worst Returns


Best Performance Worst Performance
Return (%) Period Return (%) Period

Week 13.84 29 Jan 2021 - 05 Feb 2021 -27.11 16 Mar 2020 - 23 Mar 2020

Month 27.20 23 May 2020 - 23 Jun 2020 -46.50 23 Feb 2020 - 23 Mar 2020

Quarter 49.63 23 Feb 2014 - 23 May 2014 -46.43 24 Dec 2019 - 24 Mar 2020

Year 107.57 24 May 2020 - 24 May 2021 -43.63 25 May 2019 - 25 May 2020

As on 31 Jan 2022

Inference
Trailing returns of the fund are above category average for all years. Trailing returns are near benchmark in 3 and 5 years period. Calendar year

returns are below category average since 2018. Rolling returns are above category and Benchmark returns which tells the funds consistency.

SIP returns are above category and benchmark for all years.

Overall, returns are above of Category and benchmark performances, so we give 3 Green Stars.

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Fund Manager

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Roshan Chutkey

Priyanka Khandelwal

Vinay Sharma

Ihab Dalwai

Shalya Shah

Venkatesh Sanjeevi

Ashwin Jain

Abhishek Pathak

Atul Patel

Sanjay Parekh

Roshan Chutkey
- Returns of ICICI Pru Banking & Fin Serv Fund since joining of Roshan Chutkey = 6.67% CAGR

- Returns of Category Average since joining of Roshan Chutkey = 5.00% CAGR

Other funds managed by Roshan Chutkey

Fund Managing Since AUM (Rs.Cr.) 3 Years (%) 5 Years (%)


ICICI Pru India Opp Fund Jan 2019 4,325.46 21.56 -

ICICI Pru Quant Fund Dec 2020 73.34 - -

Priyanka Khandelwal
- Returns of ICICI Pru Banking & Fin Serv Fund since joining of Priyanka Khandelwal = 8.40% CAGR

- Returns of Category Average since joining of Priyanka Khandelwal = 7.00% CAGR

Other funds managed by Priyanka Khandelwal

Fund Managing Since AUM (Rs.Cr.) 3 Years (%) 5 Years (%)

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ICICI Pru Dividend Yield Jun 2017 609.56 19.98 14.54
Equity Fund

ICICI Pru Focused Equity Jun 2017 2,606.54 20.47 14.79


Fund

ICICI Pru Bluechip Fund Jun 2017 30,898.94 18.4 15.46

ICICI Pru Multicap Fund Jun 2017 6,541.16 17.45 14.26

ICICI Pru FMCG Fund Jun 2017 921.95 11.69 13.57

ICICI Pru Pharma Jul 2018 2,963.8 26.36 -


Healthcare &
Diagnostics (P.H.D)
Fund-

ICICI Pru Exports & Jun 2017 945.31 19.78 14.62


Services Fund

ICICI Pru Technology Jun 2017 7,908.89 37.99 33.23


Fund

ICICI Pru US Bluechip Jun 2017 2,004.73 20.56 17.16


Equity Fund

ICICI Pru Manufacturing Oct 2018 595.73 19.53 -


Fund

ICICI Pru Value Jun 2017 22,276.24 22.5 15.64


Discovery Fund

ICICI Pru Global Stable Jun 2017 104.58 11.87 9.08


Equity Fund(FOF)

ICICI Pru Equity- Jun 2017 14,842.62 4.66 5.18


Arbitrage Fund

ICICI Pru Regular Jun 2017 3,374.83 10.47 9.34


Savings Fund

ICICI Pru Child Care Jun 2017 873.13 13.63 11.44


Fund-Gift Plan

ICICI Pru Retirement Jan 2021 139.58 - -


Fund-Hybrid Aggressive
Plan

ICICI Pru Retirement Jan 2021 70.05 - -


Fund-Hybrid Cons Plan

ICICI Pru Retirement Jan 2021 290.78 - -


Fund-Pure Debt Plan

ICICI Pru Retirement Jan 2021 144.91 - -


Fund-Pure Equity Plan

ICICI Pru Flexicap Fund Jul 2021 11,683.03 - -

ICICI Pru NASDAQ 100 Oct 2021 276.58 - -


Index Fund

Inference
Fund is currently managed by Roshan Chutkey from Jan 2018. Roshan is an IIM, Lucknow alumni and also has a Masters degree from London

Business School. He has more than 12 years experience in this industry and is associated with ICICI Pru since 2015.

Fund has experimented a lot with its management, but has now settled with Mr. Chutkey at the helm. Mr. Chutkey is managing this fund from

last more than 3 years Therefore, we give a Green Star here.

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Portfolio Diversification - Sector

1 . Stock Sector - Current vs Category Average

Sector Fund (%) Category (%)

Bank - Private 46.98 66.03

Bank - Public 8.24 15.31

Finance - NBFC 5.97 4.26

Finance - Housing 9.47 4.22

Finance - Others 14.10 3.16

2 . Stock Sector - Historical

1.7
4.4 2.6
1.4 6.1
01 .. 59
100 2.8 10 .. 92 2.6 8.3 8.4
1.3
12 7.6 10.3
6.8
6
9.4
9.2 7.2 7.7
1.1
7.6
13.5 10.4 9.7 7 8.9
7.4 14.9 7.7 0.9 0.7
10.7 12.7 0.5 4.3 3.4
4.7
11.8 11.9 10.5
5.6 4.3 11.8 13 13.1
14.2 17.1 14 12.7 12.8
80 16.9 15.5
10.3 18.3 12
18.9 18.3
0.1 14.1
12.2 8.3 13.1 7.3
10.7 13.3 7.1
26.1 13.9 6
3.6 2.2 14 10.4
18.3 4.6 3.9 8.8 13.5 7.9 8.8
24.1 11.7
8.2
60 9.4
8.1
5
14.1 16.3
15.9
12.4 6.2
12.2
3.9 4.5 7.4 8.6 12
8.2 11.2
7.9
2
5.3 3.7
8.6
40
66 65.2 58
58.6 44.7
53.7 45.5
51 49 48.2 47.2
42.6 44.7 49 48.2 47
35.2 40.4
20 30.6
36.8 38.6

0 -7.3 -6.1
-8.8

Bank - Private Finance - Housing Bank - Public Finance - NBFC Mining & Minerals Finance - Others Rating

Miscellaneous Insurance Other

Inference
Above graph shows how sector allocation of the fund has changed in last 10 years. Clearly, the fund has invested in mix companies from public

and private bank to Housing NBFCs. Currently, funds allocation in private bank companies is 48.16% which is below category average. Overall,

fund deserves a Yellow Star here.

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Portfolio Diversification - Stocks

1 . Stocks - Last Month Buys & Sells

Major Buys Major Sells Company (In) Company (Out)

RBL Bank ICICI Securities IIFL Wealth Management -

Cholamandalam Financial Motilal Oswal Financial Anand Rathi Wealth -


Holdings Services

CreditAccess Grameen Housing Development - -


Finance Corporation

As on 31 Dec 2021

2 . Historical Stock Allocation

Holdings PE Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

ICICI Bank 24.62 20.84 15.6 15.13 9.79 10.48 6.84 10.1 13.59 14.1 15.88 17.43

HDFC Bank 22.85 11.73 18.62 20.12 16.89 15.56 13.93 10.04 8.39 9.46 11.93 15.77

Axis Bank 18.76 8.68 - - - 8.67 2.9 2.6 1.87 5.53 9.45 8.62

Housing 21.92 - - - 3.36 - 2 5.04 4.86 - - 6.69


Development
Finance
Corporation

State Bank Of 16.77 7.18 10.57 7.54 4.01 4.07 5.8 6.66 8.46 8.53 9.91 6.55
India

SBI Life Insurance - - - - - - - 0.76 2.77 2.86 3.77 4.6


Company

Cholamandalam 17.2 - - - - - - - - 2.38 4.45 4.16


Financial
Holdings

ICICI Lombard - - - - - - - - 2.27 1.93 2.4 3.01


General
Insurance
Company

Max Financial 165.51 - 5.06 6.2 4.68 2.83 - 2.16 1.85 1.65 2.76 2.98
Services

The Federal Bank 11.11 1.77 3.88 4.03 3.81 4.95 4.11 3.78 2.59 3.72 2.85 2.32

IIFL Wealth 30.76 - - - - - - - - - - 2.13


Management

LIC Housing 13.6 - - - - - 3.14 0.63 3.17 2.51 4.65 2.12


Finance

Bank Of Baroda 14.6 7.65 2.7 5.79 - 2.47 - 1.83 4.42 6.75 - 1.69

CreditAccess 113.67 - - - - - - - 1.84 2.01 2.49 1.57


Grameen

Angel One 22.14 - - - - - - - - - 1.14 1.48

Manappuram 7.6 - - - - - - 1.8 1.61 - - 1.47


Finance

JM Financial 9.55 - - - - - - - - - 2.02 1.24

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Equitas Holdings 10.16 - - - - - 2.46 1.8 2.16 1.45 0.73 1.12

Karur Vysya Bank - 2.7 - - - - - - 3.07 1.73 1.4 1.1

Aditya Birla Sun 28.45 - - - - - - - - - - 0.99


Life AMC

SBI Cards And - - - - - - - - - - - 0.94


Payment Services

DCB Bank - - - - 3.24 2.52 3.03 2.08 2.45 2.02 2.03 0.93

Motilal Oswal 9.02 - - 0.06 1.58 1.65 1.82 1.68 - 2.39 3.32 0.87
Financial Services

UTI Asset 18.48 - - - - - - - - - 0.45 0.82


Management
Company

Anand Rathi 54.36 - - - - - - - - - - 0.73


Wealth

Repco Home 6.21 - - 5 5.56 4.5 2.67 1.42 - 0.8 0.69 0.66
Finance

RBL Bank - - - - - - 1.25 - - - - 0.51

ICICI Securities 17.01 - - - - - - - - 2.05 1.88 0.3

Equitas Small - - - - - - - - - - 0.35 0.3


Finance Bank

Total Percentage - 60.55 56.43 63.87 52.92 57.7 49.95 52.38 65.37 71.87 84.55 93.1

Total no. of stocks in - 17 18 16 21 23 27 31 31 28 28 29


portfolio

3 . Portfolio Turnover Ratio

257.5
260
240 228.6

220
200
180 169

160
146

140
121.4 119.5
120 112

100 89.7
82.2
77 77.5 77 7 7 77.6
80
59
60 4 8 50.1
45 46
39
40
20
0

ICICI Pru Banking & Fin Serv Fund Category Average

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Inference
Above graph shows how sector allocation of the fund has changed in last 10 years. Clearly, the fund has invested in mix companies from public

and private bank to Housing NBFCs. Currently, funds allocation in private bank companies is 48.16% which is below category average. Overall,

fund deserves a Yellow Star here.

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Expense Ratio

Direct Plan

1.46

1.4
1.34
1.32 1.31
1.3 1.28
1.25 1.25

1.2 1.18

1.1 1.09

1.02
1.0
Dec-17 Jun-18 Dec-18 Jun-19 Dec-19 Jun-20 Dec-20 Jun-21 Dec-21
ICICI Pru Banking & Fin Serv Fund Category Average

Inference
Expense ratio of both direct and regular plan is above category average. Belonging to a large fund house, a lower expense ratio is expected in

both, so we give it a Red Star here.

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Risk Measures - Equity

1 . Current vs Category Average

Particulars Mean Std. Dev Sharpe Beta Alpha No. Of


Stocks
Fund 27.51 33.21 0.25 0.94 2.68 29
S&P BSE BANKEX - TRI 31.42 35.06 0.36 - - 10
Equity - Sector - Banks 25.31 27.72 0.29 0.77 3.41 17
& Financial

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2 . Historical
Beta

1.0
0.96
0.94
0.93

0.9
0.85
0.83

0.8 0.79 0.79

0.7 0.68

0.6
0.55

0.5

0.41
0.4

Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 Jan-22


ICICI Pru Banking & Fin Serv Fund Equity - Sector - Banks & Financial

Alpha

12

10 9.61

6
3.86
4

2 1.53

0
-0.28 -0.43
-2 -1.93
-2.66
-4

Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 Jan-22


ICICI Pru Banking & Fin Serv Fund Equity - Sector - Banks & Financial

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StandardDeviation

35 34.33
33.51

30 28.51
28.03 27.7
26.55

25
23.05 22.87
21.93
20.25
20 18.91
18.32
17.43

15

10

0
0
Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 Jan-22

ICICI Pru Banking & Fin Serv Fund Equity - Sector - Banks & Financial S&P BSE BANKEX - TRI

PE Ratio

35 33.24
33.02

30
25.94
25

20

15

10

0
0
Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan-20 Jan-21 Jan-22

ICICI Pru Banking & Fin Serv Fund Equity - Sector - Banks & Financial S&P BSE BANKEX - TRI

Inference
Beta has stayed flat in last one year and now it is above category average. Standard deviation is also above category average. Alpha (Risk

adjusted return) has also increased in last one year and it is also above category average. PE ratio of the fund is above category average and

below benchmark average. Overall fund is low risk and high return fund currently and therefore deserves a green Star here

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Asset Allocation

1 . Current vs Category average

Market Cap Fund (%) Category

Large Cap 65.30 83.64


Mid Cap 11.51 9.21
Small Cap 16.29 3.64
Cash & Others 6.84 3.44

As on 31 Dec 2021

2 . Historical
100
90
80
70
60
50
40
30
20
10
0

Large Cap Small Cap Mid Cap Cash & Others

Inference
Above graph shows how portfolio allocation of the fund has been changing in last 10 years. Currently large cap allocation is 67.50% which is

below category average of 85.57%. The fund has 14.60% allocation in small caps and 12.81% allocation in mid-caps.

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Rating

Fund House & AUM Returns Fund Manager Diversification Diversification Expense Risk
Fund Start Date Stocks Sector Ratio Ratio

Good Average Below Average

Data Source -
Accord MF, Fund Monthly Factsheets, AMFI Data, Yadnya Research

Disclaimer -
We do our best to ensure that the data we publish is complete, accurate and useful. However, because we do not create the data, and because

the processing required to make the data useful is complex, we cannot be liable for omissions or inaccuracies. The data and any related

materials contained therein are provided as is, without warranty of any kind, either express or implied. The entire risk of use of the data shall be

with the user. All in the information above is for information purpose only. Please do not use the above information as a substitute to

Investment advise and please contact your Financial advisor for final recommendations. Mutual Funds are subject to market risk and read the

offer document in detail before investing.

About Us -
We are Yadnya!

The word Yadnya means a holy fire where oblations, chanting of hymns, and offerings are given. Yadnya contributes to the moral and spiritual

upliftment of the society.True to our name, we are offering our time, knowledge and focus to holy fire of financial literacy in India. We want to

contribute to financial upliftment of our society.

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financial company, bank or financial products. We are more neutral than cricket umpires. You can get the completely unbiased, reason based

coaching from us. Period!

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